FASHOLA: POWER SECTOR PRIVATISATION WON’T BE REVOKED

 

The minister of power, works and housing, Mr. Babatunde Fashola has given assurance to the power sector operators as regard the privatisation that took placed in the sector in the last regime. He said “Cancellation of the exercise will only send a negative message to prospective investors in the country’s power sector. If we revoke it, investors will leave the country and would even tell others that Nigeria is not a reliable destination for investment.” This statement was said at the policy dialogue on the power sector, organised by the Lagos Chamber of Commerce and Industry (LCCI).

He also said the roles of the ministry are well set out in the Electric Power Sector Reform Act 2005, to which the privatisation of the power sector took place.